Hungary Abolishes Real Estate Option in Golden Visa Program
Hungary’s recent decision to terminate the real estate investment option from its Guest Investor Program (GIP), often referred to as the Golden Visa Program, marks another significant shift in Europe’s approach to investment migration. Effective before January 1, 2025, this move highlights ongoing concerns surrounding housing market pressures and the socioeconomic impact of investment-driven real estate acquisitions. As Hungary joins countries like Portugal in curbing property purchases as a pathway to residency, this development underscores a broader European trend toward reforming Citizenship by Investment (CBI) and Residency by Investment (RBI) programs to ensure sustainability and equity.
Everything You Need to Know About Hungary’s Golden Visa Program
Hungary is set to relaunch its Golden Visa Program under the new name of Guest Investor Program (GIP) starting on July 1, 2024.
